Mumbai - April 23, 2010: Jaypee Infratech Limited ("JIL" or the "Company"), an Indian infrastructure development company and part of the Jaypee Group, will be approaching the Capital Market on April 29th, 2010, with an initial public offering of Equity Shares of Rs. 10 each for cash at a price (including a share premium) to be decided through a 100% book-building process (the "Issue") and consisting of a fresh issue of equity shares aggregating up to Rs. 16,500 million and an offer for sale of 60,000,000 equity shares by Jaiprakash Associates Limited (the "Selling Shareholder").
The Company is engaged in the development of the 165-kilometer Yamuna Expressway (access controlled concrete pavement expressway) connecting Greater Noida and Agra and scheduled to be completed by 2011 and development of 5 integrated townships.
The Price Band has been fixed between Rs. 102 and Rs. 117 per Equity Share. A discount of up to 5% to the Issue Price determined pursuant to completion of the Book Building Process shall be offered to Retail Individual Bidders, whose Bid Amount does not exceed Rs. 100,000 (the "Retail Discount"). The Issue closes on May 4th, 2010.
Source :www.biginfotech.in
The Company is engaged in the development of the 165-kilometer Yamuna Expressway (access controlled concrete pavement expressway) connecting Greater Noida and Agra and scheduled to be completed by 2011 and development of 5 integrated townships.
The Price Band has been fixed between Rs. 102 and Rs. 117 per Equity Share. A discount of up to 5% to the Issue Price determined pursuant to completion of the Book Building Process shall be offered to Retail Individual Bidders, whose Bid Amount does not exceed Rs. 100,000 (the "Retail Discount"). The Issue closes on May 4th, 2010.
Source :www.biginfotech.in
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